diff --git a/api/v1alpha3/azuremachine_types.go b/api/v1alpha3/azuremachine_types.go
index e9791b452ea..c00032da574 100644
--- a/api/v1alpha3/azuremachine_types.go
+++ b/api/v1alpha3/azuremachine_types.go
@@ -82,7 +82,7 @@ type AzureMachineSpec struct {
 type SpotVMOptions struct {
 	// MaxPrice defines the maximum price the user is willing to pay for Spot VM instances
 	// +optional
-	// +kubebuilder:validation:pattern="^[0-9]+(\.[0-9]+)?$"
+	// +kubebuilder:validation:Type=number
 	MaxPrice *string `json:"maxPrice,omitempty"`
 }
 
diff --git a/config/crd/bases/infrastructure.cluster.x-k8s.io_azuremachines.yaml b/config/crd/bases/infrastructure.cluster.x-k8s.io_azuremachines.yaml
index 7b761a3ee6c..093f72afa75 100644
--- a/config/crd/bases/infrastructure.cluster.x-k8s.io_azuremachines.yaml
+++ b/config/crd/bases/infrastructure.cluster.x-k8s.io_azuremachines.yaml
@@ -388,7 +388,7 @@ spec:
                   maxPrice:
                     description: MaxPrice defines the maximum price the user is willing
                       to pay for Spot VM instances
-                    type: string
+                    type: number
                 type: object
               sshPublicKey:
                 type: string
diff --git a/config/crd/bases/infrastructure.cluster.x-k8s.io_azuremachinetemplates.yaml b/config/crd/bases/infrastructure.cluster.x-k8s.io_azuremachinetemplates.yaml
index d7b485d544f..5abb4df45b7 100644
--- a/config/crd/bases/infrastructure.cluster.x-k8s.io_azuremachinetemplates.yaml
+++ b/config/crd/bases/infrastructure.cluster.x-k8s.io_azuremachinetemplates.yaml
@@ -331,7 +331,7 @@ spec:
                           maxPrice:
                             description: MaxPrice defines the maximum price the user
                               is willing to pay for Spot VM instances
-                            type: string
+                            type: number
                         type: object
                       sshPublicKey:
                         type: string